Barclays raised the firm's price target on Bunge to $145 from $135 and keeps an Overweight rating on the shares. With the Environmental Protection Agency finalizing the Set 2 Rule, Barclays expects marginal supply constraints at the refiner level tightening the oilseed balance, supporting crush margins, and shifting value upstream. Biofuels are no longer demand- but feedstock-constrained, the analyst tells investors in a research note.
